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What To Expect From The December US Jobs Report?
The first significant risk event of the year looms large for financial markets, with the December US jobs report due on Friday, wrapping up the first holiday-shortened trading week of 2024. After a modest upside surprise a month prior, market participants will be looking for the labour market to have ended last year on a solid note, as consensus continues to coalesce around a ‘soft landing’, and as traders continue to react to Fed Chair Powell’s surprisingly dovish pivot at the tail end of 2023. Headline nonfarm payrolls are set to have risen +170k in the final month of 2023, a modest cooling from the +199k ... (full story)